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Apple iPhone 7 Shortage Piques Interest On Wall Street

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MIAMI (CBSMiami) — Apple fans are going to have to wait if they want an iPhone 7 Plus as the new device is sold out globally, which has piqued Wall Street's interest.

The iPhone 7 Plus is sold out globally, while the smaller iPhone 7 in jet black is now unavailable, according to CNET.

The first dozen or so fans who were disappointed after lining up at an Apple Store are reportedly receiving $100 gift cards from Apple.

Consumers can still order the phone online or through their wireless carrier.

The demand for the iPhone 7 appears to be good news for Apple, although it's unclear how many of the devices have actually sold.

Apple, of course, is a master at drumming up hype for its expensive new products, partially by withholding information until it can make a splashy product announcement.

Despite the lack of actual sales figures, investors have cheered Friday's release by sending Apple shares up more than 11 percent since Monday.

That interest could wane quickly as some consumers have taken to social media to complain the phone is creating a hissing sound, especially when they're subjected to a heavy processor workload.


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